Bredin Investment LLC Invests $2.13 Million in Capital One Financial Corp. (NYSE:COF)

Bredin Investment LLC bought a new position in shares of Capital One Financial Corp. (NYSE:COF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,358 shares of the financial services provider’s stock, valued at approximately $2,127,000. Capital One Financial comprises approximately 1.7% of Bredin Investment LLC’s portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Capital One Financial by 2.3% during the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after buying an additional 849,047 shares during the period. Davis Selected Advisers boosted its position in shares of Capital One Financial by 43.7% during the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after buying an additional 3,519,332 shares during the period. Harris Associates L P boosted its position in shares of Capital One Financial by 7.9% during the second quarter. Harris Associates L P now owns 8,063,205 shares of the financial services provider’s stock worth $666,182,000 after buying an additional 588,664 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Capital One Financial by 5.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock worth $534,876,000 after buying an additional 338,678 shares during the period. Finally, Pzena Investment Management LLC boosted its position in shares of Capital One Financial by 13.5% during the third quarter. Pzena Investment Management LLC now owns 4,588,908 shares of the financial services provider’s stock worth $388,497,000 after buying an additional 547,262 shares during the period. Institutional investors and hedge funds own 89.16% of the company’s stock.

Several research analysts recently commented on the company. Morgan Stanley increased their price target on Capital One Financial from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price target on shares of Capital One Financial in a research report on Wednesday, January 24th. Buckingham Research increased their price target on Capital One Financial from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Credit Suisse Group increased their price target on Capital One Financial from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $117.00 price objective (up from $112.00) on shares of Capital One Financial in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $106.14.

In related news, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 76,354 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $94.84, for a total value of $7,241,413.36. Following the sale, the insider now directly owns 89,603 shares in the company, valued at approximately $8,497,948.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 954,948 shares of company stock worth $97,433,019. Company insiders own 1.73% of the company’s stock.

Capital One Financial Corp. (NYSE COF) traded up $2.07 during trading on Wednesday, reaching $97.38. The company’s stock had a trading volume of 2,505,591 shares, compared to its average volume of 2,618,407. Capital One Financial Corp. has a 12-month low of $76.05 and a 12-month high of $106.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $47,200.00, a price-to-earnings ratio of 25.83, a PEG ratio of 0.87 and a beta of 1.33.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. equities analysts expect that Capital One Financial Corp. will post 9.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, February 9th. Capital One Financial’s dividend payout ratio is presently 42.44%.

Capital One Financial declared that its Board of Directors has approved a stock buyback program on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Bredin Investment LLC Invests $2.13 Million in Capital One Financial Corp. (NYSE:COF)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/14/bredin-investment-llc-invests-2-13-million-in-capital-one-financial-corp-cof-stock.html.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply